You are hereHome CategoriesJordan
Tabuk Pharmaceuticals enters into a partnership with Acino
Source: PRNewswire , Author: Posted by BI-ME staff
Posted: Sat September 30, 2017 4:41 pm

JORDAN. /PRNewswire/ --Tabuk Pharmaceuticals Manufacturing Company ("Tabuk") has signed an Asset Purchase Agreement along with a Supply Agreement with Acino Pharma AG ("Acino"), the Swiss-based leader. 

Under this agreement, Acino acquired three of Tabuk's existing products in the cardiovascular therapy area in Saudi Arabia, the Gulf Countries, North Africa, and the Middle East excluding Morocco, Sudan and Algeria.

This project will allow Acino to continue on these products' success, to expand the offering of cardiovascular medicines in Saudi Arabia & the MENA region, and to reach more patients.

"This partnership illustrates our commitment to leverage our MENA-wide footprint and to serve multinational partners looking to maximize their potential in the region," said Mr. Georges De Vos, CEO of Tabuk Pharmaceuticals.

Dr. Rana Azzam, Senior VP of Business Development added, "We are delighted to be collaborating with Acino, one of the fastest growing branded generic companies in the region, this will for sure help us to expand our partners network worldwide. Such partnerships will for sure help us to serve our patients better."

Kalle Känd, CEO Acino Group, commented, "We are very pleased to establish a relationship with Tabuk, a major player in the pharmaceutical landscape in Saudi-Arabia and the Middle East. With this partnership, we are adding products with existing sales to our key countries in this region and can provide a richer portfolio of medicines for our patients."

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 19, 2018
UAE. Bayt.com Job Index found that the skills most sought in the UAE are good communication in Arabic and English, being a team player, and ability to work under pressure.
date:Posted: February 19, 2018
UAE. What is it about Augmented Intelligence that makes it a major shifter in the way sales are conducted and won? Could this new technology positively influence the sales world, yet move human minds out of the sales picture?
date:Posted: February 18, 2018
UAE. Deloitte Global mining report explores key trends in 2018: From growing demand for lithium for electric vehicles to potentially mining asteroids for rare metals; Overcoming innovation barriers and embracing digitization.
UAE. As Dubai housing stock continues to grow there has been a greater demand in the off-plan market compared to ready; It is likely that focus will now start to shift on deliveries and that the pace of launches will slow down from its torrid pace in 2017.
dhgate